Mutual Fund News : quant Mutual Fund Launches quant Manufacturing Fund

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quant Mutual Fund introduces – quant Manufacturing Fund

It is an open-ended equity scheme following manufacturing theme

Accordingly, the primary objective of the scheme is to generate long term capital appreciation by investing in equity and equity related instruments of companies that follow the manufacturing theme. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Under normal circumstances, quant Manufacturing Fund will hold an allocation of 80% to 100% of its assets in Equity and equity related instruments of companies having manufacturing theme, 0% to 20% in other Equity and equity related instruments of companies other than having manufacturing theme, 0% to 20% in Debt & Money Market Instruments, 0% to 20% in Foreign securities including ADRs / GDRs / Foreign equity and debt securities and Overseas ETFs and 0% to 10% in Units issued by REITs & InvITs.

As per the Scheme Information Document, quant Manufacturing Fund will follow seeks to invest in companies that are part of the manufacturing theme in India/overseas and engage in following activities; directly engage in manufacturing activity, benefit from Government‘s ‗Manufacture in India‘ initiatives, replace India‘s imports by manufacturing in India, export goods manufactured in India, have the potential to increase employment in India, invest in new manufacturing plants/facilities, aid manufacturing of new age technology solutions.

The portfolio will be constructed on the basis of various broad factors such as prevailing market conditions, domestic and global economic scenarios, business and consumer sentiment, risk indicators, and a host of proprietary indicators (corporate, geopolitical, socio-cultural, economic, regulatory etc.) forming part of the Predictive Analytics suite. Coupled with the fund house’s signature VLRT Framework, an established risk mitigation tool, the data will be translated to put forth different scenarios that will highlight relevant stocks for portfolio construction. The Fund manager may, from time to time, review and modify the Scheme ‘s investment strategy if any changes are considered to be in the best interests of the unitholders and if market conditions warrant it.

quant Manufacturing Fund’s performance will be benchmarked against Nifty India Manufacturing Index.

The scheme will be managed by Mr Sandeep Tandon, Mr Ankit Pande, Mr Sanjeev Sharma and Mr Vasav Sahgal.

The NFO opens for subscription on July 26, 2023 and closes on August 08, 2023. The schemes will reopen for continuous sale and repurchase within five business days from the date of allotment.

The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 1,000/- and in multiples of Re. 1/- thereof.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.